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Thursday 2 January 2014

Not safe to trade for now

Most trading signals invalid after stock market opened @ 9:30am EST, weakened by worse than expected Unemployment Claims
All supports broken, not safe to trade for now

Wait for ISM Manufacturing PMI at 10am EST to see if the market stabilizes
Trading will be at a higher risk today
Sell S&P 500 @ 1842 if it reaches & drops further again, for 30 minutes expiration

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